U.S. Sternal Closure Systems Market (By Product: Closure Devices, Bone Cement; By Procedure: Median Sternotomy, Hemisternotomy, Bilateral Thoracosternotomy; By Material Type) - Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2024-2033

The U.S. sternal closure systems market was estimated at USD 749.43 million in 2023 and it is expected to surpass around USD 1,178.4 million by 2033, poised to grow at a CAGR of 4.63% from 2024 to 2033.

Key Pointers

• By Procedure, the medial sternotomy segment held the largest revenue share of 52% in 2023.
• By Procedure, the bilateral thoracosternotomy segment is expected to expand at the highest CAGR from 2024 to 2033.
• By Material, the stainless steel segment had the largest market share of 28% in 2023.
• By Material, the titanium segment is poised to experience the fastest CAGR from 2024 to 2033.
• By Product, the closure devices registered the maximum market share of 73% in 2023.
• By Product, the bone cement segment is anticipated to grow at the noteworthy CAGR from 2024 to 2033.

U.S. Sternal Closure Systems Market Overview

The U.S. sternal closure systems market is a vital component of the healthcare sector, playing a crucial role in post-operative care and patient recovery. Sternal closure systems are utilized in various surgical procedures, particularly cardiac surgeries, to ensure proper wound closure and stability of the sternum. This overview provides insights into the dynamics, trends, and key factors shaping the landscape of the U.S. Sternal Closure Systems market.

U.S. Sternal Closure Systems Market Growth

The growth of the U.S. sternal closure systems market is propelled by several key factors. Firstly, the escalating incidence of cardiovascular diseases drives the demand for cardiac surgeries, consequently increasing the adoption of sternal closure systems. Secondly, continuous technological advancements in surgical techniques and closure device designs enhance the safety, efficacy, and usability of these systems, fostering market expansion. Additionally, the preference for minimally invasive procedures is on the rise, leading to a greater demand for sternal closure systems that facilitate less invasive sternotomy approaches, resulting in quicker recovery periods and improved patient outcomes. These factors collectively contribute to the growth trajectory of the U.S. Sternal Closure Systems market, positioning it as a pivotal segment within the healthcare industry.

U.S. Sternal Closure Systems Market Trends:

• Shift towards Bioresorbable Materials: There's a notable trend towards utilizing bioresorbable materials in sternal closure systems, offering enhanced biocompatibility, reduced risk of complications, and improved tissue healing.
• Emphasis on Patient-Centric Design: Manufacturers are increasingly prioritizing the development of sternal closure systems with designs that focus on patient comfort, ease of use, and post-operative recovery, aiming to enhance overall patient satisfaction and compliance.
• Integration of Advanced Technologies: The market is witnessing the integration of advanced technologies such as 3D printing and robotics in the manufacturing and application of sternal closure systems, enabling more precise customization and improved surgical outcomes.
• Rising Demand for Customization: There's a growing demand for customizable sternal closure systems that cater to the unique anatomical variations and surgical requirements of individual patients, facilitating better fit and long-term stability.
• Focus on Enhanced Surgical Outcomes: Healthcare providers and manufacturers are increasingly focusing on sternal closure systems that not only ensure effective wound closure but also contribute to improved surgical outcomes, including reduced post-operative complications and shorter recovery times.

Procedure Insights

In 2023, medial sternotomy dominated the market share at 52%. This procedure facilitates access to the heart, lungs, and adjacent structures, making it a preferred choice for heart valve replacement and coronary artery bypass surgeries. Notably, medial sternotomy is recognized for its ability to minimize postoperative infections and complications, which has contributed to its increasing demand in the global sternal closure systems market. The surge in the elderly population, prone to chronic cardiovascular ailments, is expected to further propel the need for medial sternotomy procedures.

Meanwhile, the bilateral thoracosternotomy segment is poised for rapid expansion, projected to achieve the highest compound annual growth rate (CAGR) from 2024 to 2033. Also known as the clamshell incision, bilateral thoracosternotomy presents a viable option for lung transplantation, particularly in cases of end-stage pulmonary disorders like Chronic Obstructive Pulmonary Disease (COPD), cystic fibrosis, and emphysema. With a rising prevalence of these conditions, the demand for lung transplantation procedures is anticipated to drive market growth significantly.

Material Type Insights

In 2023, stainless steel commanded the largest market share, accounting for approximately 28%. This dominance can be attributed to the ample availability of raw material suppliers and the economic feasibility and affordability associated with stainless steel. Renowned for its cost-effectiveness, durability, and ease of manufacturing, stainless steel remains a preferred material type in the sternal closure systems market. Furthermore, the market is witnessing a surge in new product launches by various companies, further propelling the growth of stainless steel in this sector.

Meanwhile, the titanium segment is poised to experience the fastest compound annual growth rate (CAGR) from 2024 to 2033. This growth trajectory is fueled by several factors, including titanium's corrosion resistance, its ability to effectively fuse with human bones, biocompatibility, and non-ferromagnetic properties. Notably, the non-ferromagnetic nature of titanium implants enables patients to safely undergo magnetic resonance imaging (MRI) scans. Additionally, the high efficacy, non-toxicity, and stability of titanium products contribute to their increasing popularity within the sternal closure systems market.

Product Insights

In 2023, closure devices emerged as the dominant type, capturing the highest market share of 73%. This segment is poised to maintain its lead and experience the fastest compound annual growth rate (CAGR) throughout the forecast period. The growth of closure devices is attributed to their ability to minimize post-surgical complications and facilitate quicker recovery outcomes. Additionally, advancements in technology, extensive mergers and acquisitions, and the introduction of innovative products are driving market expansion. For instance, in November 2023, Orthofix Medical Inc. launched WaveForm L, a lateral lumbar interbody system tailored for lateral lumbar interbody fusion (LLIF) procedures, offering enhanced strength and stability.

Conversely, the bone cement segment is anticipated to witness significant growth at a noteworthy CAGR from 2024 to 2033. This growth trajectory is propelled by the increasing number of median sternotomy procedures and the rising prevalence of cardiovascular disorders in the U.S. Combining bone cement with wires has emerged as an alternative to traditional sternal closure methods. Market players are prioritizing strategic partnerships and funding initiatives to bolster their research and development capabilities, thereby expanding their product portfolios.

U.S. Sternal Closure Systems Market Key Companies

• DePuy Synthes
• Zimmer Biomet Holdings, LLC
• KLS Martin Group
• Stryker
• Johnson & Johnson,
• Orthofix Holdings Inc
• GE Healthcare
• A&E Medical Corporation
• Acute Innovations
• Abyrx, Inc
• Kinamed Incorporated

Recent Developments

• In February 2022, Evonik invested in US-based startup Circumfix for a novel sternal closure device to offer rapid patient recovery after open-chest surgery.
• In January 2023, Able Medical Devices introduced looped wire sutures for closing a patient’s chest after open-heart surgery. These sutures offer more robust sternal closure compared to traditional wire sutures and double the surface area of single wires.

U.S. Sternal Closure Systems Market Segmentations:

By Product

• Closure Devices
  • Sternal Closure Wires
  • Sternal Closure Plates and Screws
  • Sternal Closure Clips
  • Sternal Closure Cables
• Bone Cement

By Procedure

• Median Sternotomy
• Hemisternotomy
• Bilateral Thoracosternotomy
• Others

By Material

• Titanium
• Polyether Ether Ketone (PEEK)
• Stainless Steel
• Others